The Reckoning

Dow Theory Direction by Tim W. Wood, CPA

ARTICLE SYNOPSIS ...Dow Theory Direction by Tim W. Wood, CPA
Why do opinions on Dow theory so often vary, and why do
Dow theory "signals" so often fail?
Typically, there is one common denominator that
becomes immediately apparent in most articles
about Dow theory: too many of the authors of
those articles have not studied the original writings
of Charles H. Dow, William Peter Hamilton, or Robert Rhea. These original writings and particularly
those of Robert Rhea are essential if we are to understand
what has come to be known as Dow theory. The only other
person I know who has studied the original writings by Do...

Did Dow Theory Fail? by Tim W. Wood, CPA

ARTICLE SYNOPSIS ...Did Dow Theory Fail? by Tim W. Wood, CPA
Here's a look at the chain of events that have
taken place since 2002 and what we can learn
from them.
AS the Dow Jones industrials topped out in
2000 and plunged nearly 38% into the 2002 low, every indication, according to Dow theory,
was that an extended secular bear market had begun.
In addition, because of Dow theory phasing along
with the normal bull and bear market relationships,
indications were that this was the rally separating
phase I from phase II of a much longer-term bear
market. So what went wrong? I will examine the
chain of events that...

When Will This Cruel Bear Market Be Over?

What Can Market Cycles Tell Us? by Tim W. Wood, CPA

ARTICLE SYNOPSIS ...The Secrets Of Cycles And What They Can Reveal
What Can Market Cycles Tell Us? by Tim W. Wood, CPA
Everything in nature moves in cycles -- the solar system, the
migration of geese, sleep patterns. Of more immediate interest
to traders are cycles in the agricultural and financial markets. Cycle analysis is the one approach that can provide relatively
accurate time and price projections.
""Usually, the effect of cycles is of only passing
interest to market analysts and traders, unless
the cycles in question are related to market
prices and can be used to identify tops and
bottoms of price movem...